IPART is reviewing the maximum prices the Valuer General can charge for land valuation services provided to councils from 1 July 2019.

Land valuations are the basis on which councils calculate and issue rates notices to ratepayers. The Valuer General may charge a fee for land valuation services provided to councils.

Why

The Premier has asked IPART to determine the maximum prices the Valuer General may charge for land valuation services to councils for 6 years from 1 July 2019 to 30 June 2025.

We last set prices for the Valuer General’s land valuation services to councils in 2014. The current determination commenced on 1 July 2014 and ends on 30 June 2019.

How

We will conduct a public consultation process and our own research and analysis. We will consider:

what form of regulation to apply

how much revenue the Valuer General needs to provide his services efficiently

how much of that revenue should be allocated to councils, and

what is an appropriate pricing structure and price path to achieve the target revenue.

In making our decisions, we will consider the impacts on councils and its customers.

What next

We have released a Draft Report and Draft Determination. The submission period for the Draft Report and Draft Determination closed on 24 April 2019. We will consider all stakeholder comments prior to releasing our Final Report and Final Determination by 31 May 2019.